Vancouver, BC, February 28, 2017--(T-Net)--Vanedge Capital Partners Ltd. announced today the final close of its new Vanedge Capital II Limited Partnership venture capital fund with $161 million of committed capital.

Vanedge II will continue the investment strategy pursued by Vanedge in its first fund, focusing on investments in emerging technology companies in Cloud Computing and Infrastructure, SaaS, Cybersecurity and Digital Media.

The partners reported thanked its Limited Partners for their confidence and support and welcomed HarbourVest Partners into the Limited Partner group, joining other institutional investors BDC Capital, Export Development Canada, Kensington Capital, Nicola Wealth Management, the BC Tech Fund, and numerous individual investors and family offices.

Vanedge Capital is a Vancouver based early-stage venture capital fund investing in technology inflection points in cloud computing, artificial intelligence, cyber security, SaaS and digital media. As entrepreneurs and investors, we have built and led world-class companies using a unique combination of operating leadership and management; subject matter expertise; relationships with technology, creative, and management talent. Vanedge has over $296M in assets under management. To learn more, visit: www.vanedgecapital.com

About HarbourVest Partners:

HarbourVest is an independent, global private markets investment specialist with more than 30 years of experience and more than $40 billion in assets under management. The Firm offers investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has been making investments in Canada since 1989, with more than $425 million of indirect investments into over 200 Canadian companies through primary fund and secondary investments, and $40 million in Canadian growth equity transactions. To learn more, visit: www.harbourvest.com

About BDC Capital

With more than $2 billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada's most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To learn more, visit : www.bdc.ca/capital.

About Export Development Canada:

We are Canada's export credit agency. Our job is to support and develop Canada's export trade by helping Canadian companies respond to international business opportunities. We are a self-financing, Crown corporation that operates at arm's length from the Government. To learn more, visit: www.edc.ca

About Kensington Capital:

Kensington Capital Partners is a leading Canadian investment firm in alternative assets, with over $1.1 billion invested to date in venture capital, private equity, hedge funds, and infrastructure. Founded in 1996, the firm is employee owned and fiercely independent. Kensington's active management approach and relationship based business has generated top quartile returns for investors, consisting of institutional investors such as pension and endowment funds, foundations, corporations, wealth managers and individuals. For more information, visit www.kcpl.ca.

About Nicola Wealth Management:

Founded by John Nicola in 1994, today, the Nicola Wealth manages nearly $4-billion in assets, operates with over 130 staff, and has four offices (Vancouver, Kelowna, Richmond, and Toronto), advising institutions and high net worth families of all professions and backgrounds. To learn more, visit: www.nicolawealth.com

About the BC Tech Fund:

Launched in October 2016, the BC Tech Fund is a $100 million fund investing in venture capital funds and technology companies based in the Province of British Columbia. The BC Tech Fund is part of the #BCTECH Strategy to grow BC's technology sector. The BC Tech Fund has been established with the goal of realizing the best financial returns within the Fund's established parameters, with all investment decisions to be made on commercial market-based terms consistent with a developed investment strategy. All investment decisions relating to the BC Tech Fund portfolio are made by Kensington Capital Partners, the Fund's Manager.